Google Going After PayPal

(Mountain View, California) According to this report, Google Inc. will be introducing an electronic payment system later this year that is perceived as a threat to the popular PayPal service which was bought by eBay in 2002. By receiving commissions from online transactions, Google can become less reliant on advertising for its revenue. The Wall Street Journal initially reported the story on its web site. Thus far, there has been no official comment from Google.

Ultimately, with competition maybe PayPal will think twice before giving its customers a hard time.

(via Wizbang)